Fee Timeshare Contract for Sale

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									This is an agreement entered into between a vendor and a purchaser whereby the
purchaser agrees to buy the vendor’s timeshare. The agreement sets out the
consideration to be paid, certain terms and conditions, address of the property, closing
date, and the timeshare schedule. It contains both standard clauses as well as
opportunities for customization to ensure that the understandings of the parties are
properly set forth. This agreement should be used by any individual or entity that wants
to buy or sell a specific timeshare.
                 FEE TIMESHARE CONTRACT OF SALE

       THIS FEE TIMESHARE CONTRACT OF SALE (the “Contract”), made this ____
day of _______________, 201_____, by and between __________________ (the “Vendor”) and
________________ (the “Purchaser”).

        WHEREAS, the Vendor is desirous to sell his/her/its Timeshare located at the resort
______________________; [PROVIDE NAME AND ADDRESS/LOCATION] (hereinafter,
"Resort")
{Instruction: Provide any additional details, if necessary, that are needed to specifically
identify the timeshare that is being sold.}

        AND WHEREAS, the Purchaser is desirous to purchase from the Vendor and the Vendor
is desirous to sell to the Purchaser the Vendor’s Timeshare on the terms and conditions contained
herein.

      NOW THEREFORE THIS AGREEMENT WITNESSES that the parties hereto covenant
and agree with each other as follows:

1.00 PURCHASE AND SALE

1.01 The Vendor hereby agrees to sell to the Purchaser and the Purchaser hereby agrees to
     purchase from the Vendor the Timeshare located at the Resort (hereinafter, the
     “Timeshare”).

1.02 The Purchaser acknowledges and agrees that he/she shall have the right to use for his/her
     own absolute use, the Timeshare in accordance with the timeshare schedule annexed
     hereto as Schedule “A”.

2.00 PURCHASE PRICE

2.01 The Vendor and the Purchaser hereby acknowledge and agree that the purchase price
     payable by the Purchaser to the Vendor for the Timeshare is the sum of
     ___________________ ($_________) Dollars (hereinafter, the “Purchase Price”).

2.02 The Purchaser shall pay a deposit to the Vendor for the purchase of the Timeshare in the
     amount of _______________ ($______________) Dollars (the “Deposit”) upon execution
     of this Contract. The Deposit received by the Vendor shall be credited towards the total
     Purchase Price payable as set out in Article 2.01 above. In the event the Vendor and the
     Purchaser do not complete the transaction contemplated herein, the Deposit shall be
     returned in full to the Purchaser.




© Copyright 2011 Docstoc Inc.                                                           2
2.02 The Purchaser shall pay the full balance of the Purchase Price to the Vendor upon the
     Vendor executing all necessary and required documentation to effect the transfer of
     ownership and title of the Timeshare to the Purchaser.

2.02 The Purchaser shall pay the Purchase Price to the Vendor by way of cash, certified check,
     bank draft, money order, wire transfer or direct deposit, or by such other means as the
     Vendor and the Purchaser, in writing, may agree.

3.00 MAINTENANCE FEES

3.01 The Purchaser acknowledges and agrees that the yearly maintenance fees for the
     Timeshare are the sole responsibility of the Purchaser.

3.02 In the event the Vendor has paid in full the yearly maintenance fees for the Timeshare, the
     Purchaser shall reimburse the Vendor for the Purchaser’s portion of such maintenance
     fees, pro-rated.

4.00 CLOSING DATE

4.01 The Vendor and the Purchaser hereby agree that the Closing Date of this transaction shall
     be the ____ day of ______________, 201_______ (hereinafter, the “Closing Date”).

5.00 REPRESENTATIONS AND WARRATIES OF VENDOR

5.01 The Vendor hereby represents and warrants to the Purchaser as follows:

      (i)     the Vendor is the registered and beneficial owner of the Timeshare;

      (ii)    all maintenance fees that may be due and payable have been paid in full by the
              Vendor up to and including the Closing Date of this transaction;

      (iii)   the Vendor has paid in full any and all taxes which may be due and owing in
              respect of the Timeshare; and

      (iv)    that there are no registrations of any kind whatsoever encumbering the Timeshare
              and the Vendor has not transferred title to the Timeshare to any other party.

6.00 EXECUTION OF DOCUMENTS

6.01 The Vendor and the Purchaser shall, from time-to-time, at the other's request and expense
     and without further consideration, execute and deliver such other instruments of transfer,
     conveyance, and assignments and take such further action as to the other may be required
     to more effectively complete any matter provided for herein.



© Copyright 2011 Docstoc Inc.                                                          3
6.02 The Purchaser hereby agrees that he/she/it will provide to the Vendor or the Vendor’s
     attorney, any and all relevant information that may be required to effect the purchase and
     sale contemplated herein.

6.03 The Vendor and the Purchaser hereby agree that each of them will execute any other
     relevant and necessary documentation to give effect to the purchase and sale of the
     Timeshare contemplated herein.

7.00 GENERAL PROVISIONS

7.01 The Purchaser hereby agrees that he/she/it shall use the Timeshare purchased from the
     Vendor in accordance with all rules and regulations governing the use of the Timeshare.

7.02 The Purchaser acknowledges that he/she/it has conducted all investigations of the
     Timeshare and the Purchaser acknowledges and agrees that the Timeshare is fit for
     purchase by the Purchaser.

7.03 Schedules and other documents attached or referred to in this Contract are an integral part
     of this Contract.

7.04 The division of this Contract into Articles, sections, subsections, paragraph and sub-
     paragraphs and the insertion of headings are for the convenience of reference only and
     shall not affect the construction or interpretation hereof.

7.05 Words importing the singular number include the plural and vice-versa; words importing
     the masculine gender include the feminine and neuter genders.



7.06   If the Vendor is constituted by more than one person, their obligations hereunder as the
       Vendor are joint and several.

7.07   This Agreement constitutes the entire Agreement between the parties and, except as
       herein stated and in the instruments and documents to be executed and delivered pursuant
       hereto, contains all of the representations and warranties of the respective parties. There
       are no oral representations or warranties between the parties of any kind. This Agreement
       may not be amended or modified in any respect except by written instrument signed by
       both parties.

7.08   This Contract enures to the benefit of and is binding upon the Vendor and the Purchaser
       and their respective successors and assigns.

7.09   This Contract shall be governed in accordance with the laws of the State of
       _____________.[PROVIDE                                             STATE]


© Copyright 2011 Docstoc Inc.                                                            4
     IN WITNESS WHEREOF this Contract has been executed by the Vendor and the
Purchaser as of the day and year first written above.



Witness:                            Vendor



Witness:                            Purchaser
   SCHEDULE “A”

TIMESHARE SCHEDULE

								
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